TRACEY BROTHERS LIMITED

🌳Matureactive
NI035032 · ltd · incorporated 1998-10-23
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£9.79M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 18.5y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 18.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 6 with DOB)
85
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £9,789,260

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£9.8m
↑ 2.2% YoY
Current Assets
£21m
↑ 28% YoY
Current Liabilities
—
£0£4.2m£8.4m£13m£17m£21mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£13.62M£12.95M
Current assets£21.03M£16.44M
Debtors£2.92M£2.82M
Net assets£9.79M£9.58M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-12-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-01-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2023-11-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2023-10-26
    🔒
    Charge registered #2
    Lender: Aib Group (UK) P.L.C.
  6. 2023-10-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2023-10-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2023-10-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2023-03-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-03-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  11. 2023-03-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2022-12-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2022-01-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2020-12-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2019-12-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2019-10-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-10-17
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  18. 2018-10-15
    ➕
    SLEVIN, Clara appointed
    secretary
  19. 2018-10-15
    ➖
    MCBRIEN, Patricia, Mrs. resigned
    secretary
  20. 2015-12-10
    ➖
    TRACEY, Richard Eugene resigned
    director
  21. 2010-11-25
    ➖
    MCCAFFERY, William John resigned
    director
  22. 2007-11-23
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  23. 2000-09-14
    ➕
    MCCAFFERY, William John appointed
    director
  24. 1999-12-15
    ➕
    TRACEY, Richard Thomas David appointed
    director
  25. 1999-08-26
    ➕
    TRACEY, Gabriel John appointed
    director
  26. 1999-08-26
    ➖
    KANE, Dorothy May resigned
    director
  27. 1999-08-26
    ➖
    MCNEILL, Eleanor Shirley resigned
    director
  28. 1999-08-26
    ➕
    TRACEY, Richard Eugene appointed
    director
  29. 1998-10-23
    🏢
    Company incorporated
    As TRACEY BROTHERS LIMITED
  30. 1998-10-23
    ➕
    MCBRIEN, Patricia, Mrs. appointed
    secretary
  31. 1998-10-23
    ➕
    KANE, Dorothy May appointed
    director
  32. 1998-10-23
    ➕
    MCNEILL, Eleanor Shirley appointed
    director

Owner dependency

99/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "TRACEY" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Gabriel John Tracey
Individual · Irish · DOB 09/1967 · age 59
——sig. influencesignificant influence08/02/2023
Richard Thomas David Tracey
Individual · British · DOB 07/1969 · age 57
——sig. influencesignificant influence08/02/2023
3 historic (ceased) PSCs
  • Yecart Ltdceased 08/02/2023· 75-100% shares · 75-100% voting · board control
  • Mr Gabriel John Traceyceased 08/02/2023· 25-50% shares
  • Mr Richard Thomas David Traceyceased 08/02/2023· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1998-10-23
Jurisdictionnorthern-ireland
Primary SIC41201 — Construction of commercial buildings

Registered office

Drumlyon House
Drumlyon
Enniskillen
BT74 5TB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-06
Last: 2025-10-23

Officers (3 active · 5 resigned)

SLEVIN, Clara→
secretary · appointed 2018-10-15
View their other companies + combined net worth →
Active
TRACEY, Gabriel John→
director · ~59y · appointed 1999-08-26
View their other companies + combined net worth →
Active
TRACEY, Richard Thomas David→
director · ~57y · appointed 1999-12-15
View their other companies + combined net worth →
Active
MCBRIEN, Patricia, Mrs.→
secretary · appointed 1998-10-23 · resigned 2018-10-15
Resigned
KANE, Dorothy May→
director · ~90y · appointed 1998-10-23 · resigned 1999-08-26
Resigned
MCCAFFERY, William John→
director · ~77y · appointed 2000-09-14 · resigned 2010-11-25
Resigned
MCNEILL, Eleanor Shirley→
director · ~66y · appointed 1998-10-23 · resigned 1999-08-26
Resigned
TRACEY, Richard Eugene→
director · ~93y · appointed 1999-08-26 · resigned 2015-12-10
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Aib Group (UK) P.L.C.
A registered charge—26/10/2023—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
Mortgage debenture1 property23/11/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (101 total)

accounts-with-accounts-type-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-24
accounts-with-accounts-type-full
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-full
accounts · AA
2024-01-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-10-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-10-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-03-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-02
accounts-with-accounts-type-full
accounts · AA
2022-12-31